S&P Near Peak as Chipmakers Rise 16th Straight Day: Markets Wrap
This content was published on
(Bloomberg) — Stocks hovered near their all-time highs as a slew of strong earnings reports and President Donald Trump’s extension of a ceasefire with Iran revived risk appetites after a two-day retreat. Bitcoin rallied.
UBS Faces $20 Billion Hike in Capital Needs as Swiss Split Grows
This content was published on
(Bloomberg) — The Swiss government outlined plans that would add billions of dollars to UBS Group AG’s capital requirements, deepening a showdown with the lender over its proposed banking reforms.
Ex-Credit Suisse Team Plans $1 Billion Fund for Data Center Risk
This content was published on
(Bloomberg) — A team of former Credit Suisse bankers is preparing to launch a fund they say will offer double-digit returns in exchange for taking on some of the insurance risk tied to data centers.
UBS Sees $4 Billion Capital Impact From Swiss Executive Order
This content was published on
(Bloomberg) — UBS Group AG estimated that the now-decided element of new Swiss banking rules will reduce company-wide CET1 capital by $4 billion once fully implemented, as it renewed its critique of the overall reform package.
US Stock ETF Rises Late as Trump Extends Ceasefire: Markets Wrap
This content was published on
(Bloomberg) — A giant exchange-traded fund tracking US stocks climbed in late hours after President Donald Trump said he’s extending the ceasefire deal with Iran until talks conclude.
Ferrexpo Slumps After Warning Cash May Run Out by End of August
This content was published on
(Bloomberg) — Ferrexpo Plc slumped 13% after the Ukrainian iron ore producer warned that without fresh funding it could run out of cash by the end of August.
Switzerland Set to Soften Some UBS Capital Rules, TP Reports
This content was published on
(Bloomberg) — The Swiss government is set to present softened bank capital rules later today, according to the news portal Tippinpoint, in a move that would reduce the expected impact for UBS Group AG.
Goldman Sachs’ Alternatives Arm Buys Stake in Swiss AI Firm BLP
This content was published on
(Bloomberg) — A unit of Goldman Sachs Asset Management invested $50 million in BLP Digital, a Swiss artificial intelligence company that helps companies automate financial processes such as invoicing and internal reporting.
UBS Set for Long-Awaited Clarity on Switzerland’s Capital Rules
This content was published on
(Bloomberg) — UBS Group AG is finally about to find out just how many billions of dollars Switzerland will strip from its capital buffers.
Barclays, Lloyds, UBS Among Banks Picked by UK FCA for AI Tests
This content was published on
(Bloomberg) — Barclays Plc, Lloyds Banking Group Plc and UBS Group AG are among the latest group of lenders in the UK authorized to develop and test out real-world artificial intelligence applications, according to the Financial Conduct Authority.
Swiss Watch Exports Dipped in March Amid Iran War and High Costs
This content was published on
(Bloomberg) — Swiss watch exports slid in March as the industry faced disruptions in the Middle East and contended with high precious metal costs.
This content was published on
(Bloomberg) — Swiss real wages grew 1.6% last year, the biggest increase since 2009, according to the national statistics office.
Stocks Fall, Oil Jumps on Doubts Over Peace Deal: Markets Wrap
This content was published on
(Bloomberg) — A rally in oil drove stocks lower as a turbulent weekend in the Middle East cast doubt on prospects for peace talks between the US and Iran before their fragile ceasefire deal expires.
War Revives Stagflation Dangers for Global Economy
This content was published on
(Bloomberg) — The cumulative global impact of seven weeks of war in the Middle East will begin to emerge in the coming week, in a second round of business surveys from multiple countries.
China Calls On Swiss Firms to Step Up Investment, Cooperation
This content was published on
(Bloomberg) — China Vice Commerce Minister Ling Ji urged Swiss companies to increase investment and cooperation with the Asian nation, highlighting opportunities under its 15th Five‑Year Plan.
Wall Street Extends April Surge on Peace Prospects: Markets Wrap
This content was published on
(Bloomberg) — Speculation the Iran war is poised to end sent risky assets surging anew, extending a month-long rally that’s lifted the S&P 500 Index to a succession of records, added around $12,000 to the price of Bitcoin and pushed up credit and gold.
SNB’s Schlegel Stresses Higher Willingness on FX Interventions
This content was published on
(Bloomberg) — The Swiss National Bank is more willing than usual to step into markets to ensure price stability amid higher energy prices, according to President Martin Schlegel.
Yield Bets Pay Off for Traders Willing to Tune Out War Risks
This content was published on
(Bloomberg) — Those credit investors who gambled on higher-yielding corporate bonds in the midst of the Iran war are looking increasingly vindicated as markets rebound on hopes of a lasting truce.
Stocks Eke Out a Record as Mideast Tensions Linger: Markets Wrap
This content was published on
(Bloomberg) — US stocks held onto record highs as traders digested a flurry of headlines on the conflict in the Middle East, brushing aside warnings that the US-Iran war would continue to linger for months.
